PAREA program

[BRCJR]

Wonder how many Appraisers complaining about AMC value pressure have filed a complaint........

JG?

 

[Tom D]

Wonder how many Appraisers complaining about AMC value pressure have filed a complaint........

Sorry, there are no mail boxes in the over filled appraiser grave yard. Although there are still some walking dead appraisers.

 

[J Grant]

Wonder how many Appraisers complaining about AMC value pressure have filed a complaint........

JG?

I have not worked for an AMC for many years - I did post HVCC until I could get enough direct order clients to ditch them I do work for one captive order (lender-owned) AMC for mostly complex orders -

AMCs ( and sleazy lender clients ) do not overtly Pressure for values the way the former mortgage brokers did . The AMC's are too smart for that. However they influence which appraisers get wor byy stopping the work orders if an appraiser comes in "low" on more than rare occasion - I have had that happen nd so have many others - there is no recourse, if you ask why the work stopped the will sahy it is slow in your area or if it was a quality issue. However, the pattern of them stopping work following one or two low appraisals is clear. The other antic they engage in is extremely harassing stips and reviews for any appraisal that comes in "low", while instant approval the appraisals that hit a SC price or come in at a high refi value.

There may be some AMC's that do not engage in those antics, but in my experience, many do, especially the busy ones. The problem with the AMC model is that standing up for the appraiser is a conflict of interest for them - their main goal is to keep their lender customers happy. That conflict of interest makes their role (intended, once upon a time ) as a third-party firewall is too compromised to function properly.

 

[glenn walker]

The ones who got their final and last removal and then proceed to spend their last years posting about AMCs and why appraisers are screwd for life.

That crowd moves daily between here and the fake book site. Some are going on 15 years of protesting. Let's form a Union, write letters and apprasers unite for a one week shutdown. One real loon wanted everyone to not eat and fast and pray for 48 hours.

 

[Non Sequitur]

Edit.

 

[Elliott]

Sorry, there are no mail boxes in the over filled appraiser grave yard. Although there are still some walking dead appraisers.

(AI Perplexity). In 2011, there were 109,235 active appraisers, with certified general appraisers making up about 35.2% of the total.
• By 2013, the number of active appraisers had dropped to 101,899, with certified general appraisers accounting for 37.2%.
• This decline in the overall number of appraisers continued through the 2010s, with the profession shrinking at about 3% per year in recent years.
• As of 2025, there are approximately 66,715 unique active appraisers, but the specific breakdown for certified general appraisers is not provided in the latest data.

That's a big graveyard.

 

[Non Sequitur]

That's a big graveyard.

And the vast majority in the graveyard are residential appraisers who were starved out by AMCs.

 

[djd09]

New Maryland law attempts to reduce racism in home appraisals​

One of the hundreds of bills Gov. Wes Moore has signed into law this month attempts to reduce discrimination in real estate appraisals by making a relatively small change: eliminating the bachelor’s degree requirement from certain types of appraiser licenses.

”For families of color, they are facing kind-of hits to their potential home equity at every turn,” Yap said. “They might not get the housing that they can afford. They may not be paying the interest rate that matches their credit profile — it may be higher. And then finally, they might not be able to refinance and take out the home equity that they deserve as part of what their property is worth in order to do the things that kind-of further the American Dream — the home ownership itself, starting a small business, paying for college, etc.”

Getting more people of color into the appraisal field would help reduce the discrimination that leads to artificially lower appraisals, Yap said, but a college degree isn’t the biggest barrier to entry. The hardest requirement to fulfill is that before someone can get their license in Maryland, they must complete more than 1,000 hours of appraisal work experience, under the supervision of another licensed appraiser.

“The supervisor has to split their fee and provide hundreds of hours of training and oversight,” Yap said. “And then they're in competition with that same person in the same geography.”

New Maryland law attempts to reduce racism in home appraisals

Beginning in October, the state will no longer require a bachelor’s degree to get a residential real estate appraiser license.

www.wypr.org

...parea is a bust

 

[Dale Floyd]

New Maryland law attempts to reduce racism in home appraisals​

One of the hundreds of bills Gov. Wes Moore has signed into law this month attempts to reduce discrimination in real estate appraisals by making a relatively small change: eliminating the bachelor’s degree requirement from certain types of appraiser licenses.

”For families of color, they are facing kind-of hits to their potential home equity at every turn,” Yap said. “They might not get the housing that they can afford. They may not be paying the interest rate that matches their credit profile — it may be higher. And then finally, they might not be able to refinance and take out the home equity that they deserve as part of what their property is worth in order to do the things that kind-of further the American Dream — the home ownership itself, starting a small business, paying for college, etc.”

Getting more people of color into the appraisal field would help reduce the discrimination that leads to artificially lower appraisals, Yap said, but a college degree isn’t the biggest barrier to entry. The hardest requirement to fulfill is that before someone can get their license in Maryland, they must complete more than 1,000 hours of appraisal work experience, under the supervision of another licensed appraiser.

“The supervisor has to split their fee and provide hundreds of hours of training and oversight,” Yap said. “And then they're in competition with that same person in the same geography.”

New Maryland law attempts to reduce racism in home appraisals

Beginning in October, the state will no longer require a bachelor’s degree to get a residential real estate appraiser license.

www.wypr.org

...parea is a bust

Perhaps a really good question or two - How many of the 23% non-white appraisers, or the 38% who are not male appraisers, have trainees? And for those who did have trainees, is there some underlying sinister issue involved if the color or sex of their trainees are white or male?

I believe if they had looked a little more sensibly at the numbers, all would have realized pretty quickly that education barriers or racial motivations were never the issue they proclaimed. This legislation will likely do little, although it gives political hay to fork.

 

[Non Sequitur]

...parea is a bust ​

It is a bust, mostly because it was used to give insiders cush jobs. But I do feel for aspiring appraisers who were sold an $8K online class, hoping no one went into debt.